Find the monthly payments on a 3000 installment loan if the, Financial Management

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Find the monthly payments on a 3000 installment loan if the

Using the simple interest method, find the monthly payments on a $3,000 installment loan if the funds are borrowed for 24 months at an annual interest rate of 8%. How much interest will be paid during the first 3 month of this loan? How much principals will be paid during the first 3 month of this loan? (Use the amortization schedule to figure out the answer)

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Financial Management: Find the monthly payments on a 3000 installment loan if the

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Financial Management: Find the monthly payments on a 3000 installment loan if the

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